Annual Report of Aeroflex Enterprises Limited for the F.Y 2025-26

AEL/BSE/NSE/2026-27 August 14, 2026 To, To, The General Manager, The Listing Department. Department of Corporate Services, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, C-1, Block G P.J. Towers, Dalal Street, Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Company Code No.: 511076 Trading Symbol: AEROENTER Sub: Annual Report of the Company for the Financial Year 2025-26 Dear Sir/Madam, Pursuant to Regulation 34(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose the Annual Report of the Company for the Financial Year 2025-26, which is being sent only through electronic mode to the Members of the Company. The Annual Report is also available on the Company’s website at www.aeroflexgroup.in You are requested to take the above information on record. Thanking you, Yours faithfully, For Aeroflex Enterprises Limited Alka Premkumar Gupta Company Secretary & Compliance Officer Mem No: A35442 Ecosystem of Enduring Enterprises Aeroflex Enterprises Limited (formerly Sat Industries Limited) Annual Report 2025-26 An Ecosystem Strategic Review What's inside of Enduring Aeroflex Enterprises Where opportunities take shape Company Overview 04 Enterprises Board of Directors 10 Diversified Operations 12 An Ecosystem of Enduring Enterprises describes what Aeroflex Enterprises has become: a listed platform on which From vision to value high- potential startups, robust businesses Powering scalable growth and strategic investments are held, Start-up Investments 20 funded and operated under one structure, Knowledge-Based Engineering: with a common objective of building Aeroflex Industries 26 value that lasts. We are active business Innovative Packaging: operators rather than a passive parent Aeroflex Neu 30 company, and our work is to give each Engineering Services: business the capital, operational expertise M. R. Organisation 34 and governance it needs to move from Financial Services potential to scale. Aeroflex Finance 40 This ambition is balanced with financial prudence. AEL operates with a robust balance sheet, strong cash Strong momentum. Statutory Reports generation and a consistent record of paying dividends. Sustained growth. Our diversification across sectors, stages and business Corporate Information 74 The ecosystem rests on three engines. Our startup models is not incidental: it is the base that protects Letter to Shareholders 46 portfolio spans 168+ investments across 35+ sectors, the platform against sector-specific cycles and lets us Board's Report 75 Strategic Priorities 48 giving public-market investors exposure to early- allocate capital where it can work the best. We are also Corporate Governance Report 97 stage opportunities that are usually confined to aware that private-market returns carry wide dispersion Financial Performance 52 private markets, without the risks of conventional and long holding periods, which is why we favour Financial Statements venture structures. Our value creation engine acquires disciplined ticket sizes, active monitoring and a spread undervalued and high-potential businesses, improves of portfolio vintages. People first. Independent Auditor’s their operations and governance, and prepares them As a listed, regulated entity, AEL gives investors visibility Purpose always. Report 120 for value realisation. Our strategic investments deepen into this ecosystem: its portfolio, its balance sheet India's manufacturing capability for global markets under and its governance, along with liquidity that private An Employee-centric Culture 56 Consolidated Financial the Make in India approach. The engines are connected: structures cannot offer. Corporate Social Responsibilit 58 Statements 127 deal flow, operational expertise and capital move across the platform, which strengthens the whole ecosystem. Looking ahead, our role stays the same: to identify Independent Auditor’s high-potential enterprises, support them with capital Report 184 Enduring value depends on superior operational and operating discipline, and stay invested through Management Discussion Standalone Financial execution. Enterprises last when they are backed by their journey. An Ecosystem of Enduring Enterprises is and Analysis 60 Statements 195 operational discipline, professional management and both a description of AEL today and a statement of what sound governance, and this is where AEL spends its we will keep building, a platform where businesses grow effort. Aeroflex Industries, acquired in 2018 and listed together and create lasting value for all stakeholders. in 2023, demonstrates our ability to build scalable businesses through disciplined execution. At M.R. Organisation, geographic expansion, professional Safe Harbour Statement governance, operational improvements and continuous product development have strengthened the business This document contains forward-looking statements regarding Readers are cautioned against placing undue reliance on For more information visit: anticipated future events, and the financial and operational forward- looking statements, as various factors could lead to and supported its expansion, illustrating how active performance of Aeroflex Enterprises Limited (‘AEL’, ‘Aeroflex significant deviations between the assumptions and actual future www.aeroflexgroup.in ownership creates durable assets. These outcomes take Group’, ‘Aeroflex Enterprises’ or ‘the Company’). These statements outcomes or events. Accordingly, this document is accompanied time, and value realisation through IPO or strategic sale are based on assumptions made by the Company and are subject by a disclaimer and is fully subject to the assumptions, to inherent risks and uncertainties. There is a possibility that these qualifications, and risk factors detailed in the Management remains underpinned by execution. assumptions, forecasts, and other forward-looking statements Discussion and Analysis section of the Company’s Annual Report. may not materialise as anticipated, posing substantial risks. Aeroflex Enterprises represents a Aeroflex Enterprises distinctive approach to building and investing in businesses. As a dynamic Where opportunities and diversified conglomerate, the Group brings together interests take shape across knowledge-based engineering and advanced manufacturing, tech- enabled industrial and utility services, financial services, strategic investments and a vibrant portfolio of emerging ventures. Each of these pursuits reflects a shared belief that meaningful growth is created when innovation, strategic insight and disciplined capital deployment work in harmony. At the heart of this philosophy lies a carefully balanced ecosystem where resilient operating businesses coexist with investments in promising new ventures. By partnering with visionary entrepreneurs and supporting enterprises that align with India’s aspirations for innovation and global competitiveness, the Group continues to shape opportunities that extend well beyond individual businesses. This spirit of enterprise and foresight sets the stage for the journey that follows. Company Overview 04 Board of Directors 10 Diversified Operations 12 SSttrraatteeggiicc RReevviieeww Statutory Reports Financial Statements Company Overview Building businesses. Listed on the BSE since 1985 Leveraging and on the NSE since November 2022, AEL reflects innovation. a longstanding commitment to Aeroflex Enterprises Limited (AEL) is a dynamic trust, transparency, and diversified business group that combines ethical governance, enterprise building with strategic investing and responsible to create a resilient and forward-looking value creation. business ecosystem. Over the years, the Company has evolved into a platform that identifies, nurtures, and scales opportunities Vision Mission across multiple sectors, bringing together operating businesses, strategic investments To provide world-class To b [Showing first 8,000 characters — download PDF for full document]